www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Saipem boosts profit http://www.upstreamonline.com/live/1398135/saipem-boosts-profit Saipem has battled weak oil markets to post an improved net profit in the first quarter. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1398135/saipem-boosts-profit Mon, 27 Apr 2015 11:33:46 +0000 live Arctic ice shift 'against law' http://www.upstreamonline.com/live/1398130/arctic-ice-shift-against-law Environmental groups are preparing legal action to prevent awards under Norway’s 23rd licensing round after the government submitted to parliament its proposal for a shift of the Arctic ice boundary in the Barents Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1398130/arctic-ice-shift-against-law Mon, 27 Apr 2015 10:32:03 +0000 live Galp sees profit double http://www.upstreamonline.com/incoming/1398106/galp-sees-profit-double Galp Energia saw its net profit double in the first quarter of the year, due to a sharp increase in refining margins and higher oil output. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1398106/galp-sees-profit-double Mon, 27 Apr 2015 09:40:59 +0000 ece_incoming Baron resumes Nancy-1 flows http://www.upstreamonline.com/live/1398107/baron-resumes-nancy-1-flows Baron Oil has resumed production at an oil well in Colombia that was recently shut in as a storage facility was deemed full. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1398107/baron-resumes-nancy-1-flows Mon, 27 Apr 2015 09:14:23 +0000 live Inpex gets Adco stake http://www.upstreamonline.com/live/1398105/inpex-gets-adco-stake Inpex has won a 5% stake in the Abu Dhabi Company for Onshore Petroleum Operations (Adco)-operated concession in the United Arab Emirates. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1398105/inpex-gets-adco-stake Mon, 27 Apr 2015 08:54:10 +0000 live Sinopec wins Ain Tsila rig deal http://www.upstreamonline.com/incoming/1398097/sinopec-wins-ain-tsila-rig-deal Sinopec International Petroleum Service has landed the contract to drill development wells at the onshore Ain Tsila gas and condensate field in Algeria. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1398097/sinopec-wins-ain-tsila-rig-deal Mon, 27 Apr 2015 08:01:22 +0000 ece_incoming Centrica on course for capex cut http://www.upstreamonline.com/live/1398096/centrica-on-course-for-capex-cut UK gas player Centrica is aiming for full-year output of around 75 million barrels of oil equivalent as it continues its capital expenditure cut in its upstream business. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1398096/centrica-on-course-for-capex-cut Mon, 27 Apr 2015 07:43:22 +0000 live Tullow moves forward on TEN http://www.upstreamonline.com/live/1398095/tullow-moves-forward-on-ten UK operator Tullow Oil has said its Tweneboa-Enyenra-Ntomme (TEN) multi-field project off Ghana remains on track for start-up next year after an international tribunal rejected Ivory Coast’s request to halt drilling in a disputed zone. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1398095/tullow-moves-forward-on-ten Mon, 27 Apr 2015 07:35:49 +0000 live Kosmos in 'significant' gas hit http://www.upstreamonline.com/live/1398093/kosmos-in-significant-gas-hit Kosmos Energy has made what it termed a "significant, play-opening gas discovery" at a wildcat off Mauritania. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1398093/kosmos-in-significant-gas-hit Mon, 27 Apr 2015 06:59:06 +0000 live Petrobras shuts four platforms after leak http://www.upstreamonline.com/live/1398048/petrobras-shuts-four-platforms-after-leak Four Petrobras oil platforms off the north-east coast of Brazil have halted production after a leak of about 44 barrels (7000 litres) of oil was detected coming from a pipeline linking them, a local oil workers union head said on Friday. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1398048/petrobras-shuts-four-platforms-after-leak Sat, 25 Apr 2015 07:30:09 +0000 live Cabot boosts gas, liquids production http://www.upstreamonline.com/live/1398047/cabot-boosts-gas-liquids-production US operator Cabot Oil & Gas delivered better-than-expected first quarter results as it grew gas and liquids production. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1398047/cabot-boosts-gas-liquids-production Fri, 24 Apr 2015 22:59:51 +0000 live US rig count drops by 22 http://www.upstreamonline.com/live/1398045/us-rig-count-drops-by-22 The number of rigs drilling for oil and gas in the US continued their slide this week, dropping by 22 for a total of 932, according to Baker Hughes' weekly tally. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1398045/us-rig-count-drops-by-22 Fri, 24 Apr 2015 21:17:56 +0000 live Chesapeake settles Michigan leasing case http://www.upstreamonline.com/live/1398044/chesapeake-settles-michigan-leasing-case Chesapeake Energy will pay $25 million after pleading no contest to two misdemeanor charges that it misled mineral owners but laid blame for the practices with the company's "past management." Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1398044/chesapeake-settles-michigan-leasing-case Fri, 24 Apr 2015 20:27:06 +0000 live Southwestern grows Marcellus production http://www.upstreamonline.com/live/1398043/southwestern-grows-marcellus-production US gas producer Southwestern Energy has reported a 28% increase in production year-over-year in the first quarter of 2015. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1398043/southwestern-grows-marcellus-production Fri, 24 Apr 2015 20:23:44 +0000 live Rig owners in limbo off Mexico http://www.upstreamonline.com/incoming/1398032/rig-owners-in-limbo-off-mexico Mexican state oil company Pemex has a host of domestic and international rig-owners on tenterhooks after throwing down the gauntlet over a proposal to cut day rates by a third or more, key sources said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/incoming/1398032/rig-owners-in-limbo-off-mexico Fri, 24 Apr 2015 17:12:00 +0000 ece_incoming Connacher wins recapitalisation nod http://www.upstreamonline.com/live/1398024/connacher-wins-recapitalisation-nod Canadian junior Connacher Oil & Gas has finally won approval from an Alberta court to recapitalise in an attempt to reduce debt and provide liquidity to fund operations. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1398024/connacher-wins-recapitalisation-nod Fri, 24 Apr 2015 15:28:23 +0000 live NPD warns of Sverdrup 'cost overrun' http://www.upstreamonline.com/live/1398014/npd-warns-of-sverdrup-cost-overrun Norway’s petroleum agency has warned of possible cost overruns and delays for the first phase of the giant Johan Sverdrup project due to a lack of sufficient preparatory work by working operator Statoil and its partners. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1398014/npd-warns-of-sverdrup-cost-overrun Fri, 24 Apr 2015 14:44:54 +0000 live Petrobras eyes Q1 results date http://www.upstreamonline.com/live/1398001/petrobras-eyes-q1-results-date Petrobras aims to follow up the release of its fourth-quarter results, where it posted a loss of more than $7 billion, with figure from this year’s first quarter within a matter of weeks. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1398001/petrobras-eyes-q1-results-date Fri, 24 Apr 2015 13:34:19 +0000 live 'More capex cuts on way' http://www.upstreamonline.com/live/1397998/more-capex-cuts-on-way Analysts see further reductions in capital expenditure by oil companies next year but remain optimistic over an oil price rebound farther down the road, with fossil fuels expected to remain a key part of the global energy mix for decades to come. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397998/more-capex-cuts-on-way Fri, 24 Apr 2015 13:19:49 +0000 live Isobel Deep suspended on BOP fault http://www.upstreamonline.com/incoming/1397979/isobel-deep-suspended-on-bop-fault Premier Oil has suspended drilling of the Isobel Deep wildcat off the Falkland Islands due to a problem with the rig’s blowout preventer (BOP), according to partner Falkland Oil & Gas Ltd (FOGL). (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397979/isobel-deep-suspended-on-bop-fault Fri, 24 Apr 2015 12:10:15 +0000 ece_incoming KrisEnergy spuds Rayrai-1 well http://www.upstreamonline.com/incoming/1397978/krisenergy-spuds-rayrai-1-well KrisEnergy has commenced drilling of the Rayrai-1 exploration well in Block G10/48 in the Gulf of Thailand, where it is currently developing the Wassana oilfield. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397978/krisenergy-spuds-rayrai-1-well Fri, 24 Apr 2015 09:44:09 +0000 ece_incoming CNOOC Ltd revenues drop http://www.upstreamonline.com/incoming/1397975/cnooc-ltd-revenues-drop China’s CNOOC Ltd saw its revenues drop by 40% in the first quarter of the year, due primarily to a decrease in oil prices. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397975/cnooc-ltd-revenues-drop Fri, 24 Apr 2015 09:20:06 +0000 ece_incoming Trapoil in insolvency warning http://www.upstreamonline.com/live/1397970/trapoil-in-insolvency-warning UK junior Trapoil is “highly likely” to become insolvent as it ran up a large full-year loss littered with impairment charges. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397970/trapoil-in-insolvency-warning Fri, 24 Apr 2015 09:08:16 +0000 live 'Fatality risk' after MOB on Saipem rig http://www.upstreamonline.com/live/1397966/fatality-risk-after-mob-on-saipem-rig Norway’s safety agency has uncovered a series of regulatory breaches that it said could have led to a fatality after a man fell overboard from Saipem’s rig Scarabeo 8 while drilling at the Goliat field in the Barents Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397966/fatality-risk-after-mob-on-saipem-rig Fri, 24 Apr 2015 08:45:44 +0000 live Sound Oil spuds new Nervesa well http://www.upstreamonline.com/incoming/1397962/sound-oil-spuds-new-nervesa-well Sound Oil has started drilling its second well at the Nervesa site in the Veneto region, onshore Italy. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397962/sound-oil-spuds-new-nervesa-well Fri, 24 Apr 2015 07:50:33 +0000 ece_incoming MOL bags Norway assets http://www.upstreamonline.com/live/1397960/mol-bags-norway-assets MOL is entering the Norway sector with a deal worth up to $90 million to acquire Ithaca Energy’s exploration assets off the country as the Hungarian group extends its tentacles in the North Sea after gaining its first licences last year. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397960/mol-bags-norway-assets Fri, 24 Apr 2015 07:35:35 +0000 live Four yards eye Edison's Vega platform http://www.upstreamonline.com/live/1397958/four-yards-eye-edisons-vega-platform At least four European yards are in the hunt to fabricate a new platform for Edison’s Vega B oil project off Sicily’s south coast, which needs one final rubber-stamp from the government in Rome before it looks set to move ahead. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397958/four-yards-eye-edisons-vega-platform Fri, 24 Apr 2015 07:29:30 +0000 live Metgasco wins NSW court action http://www.upstreamonline.com/live/1397956/metgasco-wins-nsw-court-action The New South Wales Supreme Court has ruled the state government's decision to halt Sydney-based Metgasco's drilling campaign in the Australian state last year was unlawful. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397956/metgasco-wins-nsw-court-action Fri, 24 Apr 2015 07:00:10 +0000 live Petrobras to concentrate on upstream investments http://www.upstreamonline.com/live/1397948/petrobras-to-concentrate-on-upstream-investments Brazil's Petrobras is cutting investments and predicting domestic oil production will grow at a slower pace in 2015 and 2016, as the state-controlled company adjusts to a new reality and works to finalise its business plan. fabio.palmigiani@upstreamonline.com (Fabio Palmigiani) http://www.upstreamonline.com/live/1397948/petrobras-to-concentrate-on-upstream-investments Fri, 24 Apr 2015 04:01:10 +0000 live Prices retreat from 2015-highs http://www.upstreamonline.com/live/1397947/prices-retreat-from-2015-highs Oil prices on Friday edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397947/prices-retreat-from-2015-highs Fri, 24 Apr 2015 03:54:13 +0000 live Promising signs for AWE at Irwin-1 http://www.upstreamonline.com/live/1397946/promising-signs-for-awe-at-irwin-1 Sydney-based AWE has encountered gas shows in its Irwin-1 exploration well in Western Australia's onshore Perth basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397946/promising-signs-for-awe-at-irwin-1 Fri, 24 Apr 2015 03:05:56 +0000 live Wood Group Kenny nets Ca Rong Do opening gig http://www.upstreamonline.com/live/1397944/wood-group-kenny-nets-ca-rong-do-opening-gig Wood Group Kenny has secured the first significant contract for Talisman Energy’s Ca Rong Do (Red Emperor) oil and gas field development off Vietnam. stories@upstreamonline.com (Upstream Staff) http://www.upstreamonline.com/live/1397944/wood-group-kenny-nets-ca-rong-do-opening-gig Fri, 24 Apr 2015 02:08:57 +0000 live Oklahoma advances bill to prohibit drilling bans http://www.upstreamonline.com/incoming/1397937/oklahoma-advances-bill-to-prohibit-drilling-bans A bill that would keep Oklahoma municipalities from restricting drilling activity, even if their leaders and citizens vote to do so, could soon become the law of the land. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/incoming/1397937/oklahoma-advances-bill-to-prohibit-drilling-bans Thu, 23 Apr 2015 23:33:51 +0000 ece_incoming BPZ drills Peru dry hole http://www.upstreamonline.com/live/1397936/bpz-drills-peru-dry-hole The bad news kept coming for bankrupt player BPZ Energy after it failed to find oil or gas at its latest well in Peru. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397936/bpz-drills-peru-dry-hole Thu, 23 Apr 2015 22:17:59 +0000 live CEO out in Houston American settlement http://www.upstreamonline.com/live/1397932/ceo-out-in-houston-american-settlement The chief executive of US independent Houston American Energy has resigned and is barred from serving as an officer or director of a public company for five years under a settlement the company reached with the US Securities & Exchange Commission (SEC). Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397932/ceo-out-in-houston-american-settlement Thu, 23 Apr 2015 21:47:43 +0000 live YPF sells $1.5bn in bonds http://www.upstreamonline.com/live/1397931/ypf-sells-usd-15bn-in-bonds Argentina's state energy company YPF said it had sold $1.5 billion of new 10-year bonds at 8.5 percent on Thursday, raising its planned issuance from $500 million on the back of strong demand. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397931/ypf-sells-usd-15bn-in-bonds Thu, 23 Apr 2015 21:45:26 +0000 live Shell 'confident' in Brazil despite scandal http://www.upstreamonline.com/live/1397928/shell-confident-in-brazil-despite-scandal Shell has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the state-run oil company will emerge stronger, Shell's chief executive said on Thursday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397928/shell-confident-in-brazil-despite-scandal Thu, 23 Apr 2015 21:14:14 +0000 live Pemex 'may sell Galicia flotels' http://www.upstreamonline.com/live/1397925/pemex-may-sell-galicia-flotels Pemex may sell two floating accommodation units still under construction in a shipyard in Galicia, Spain, to free up cash, according to a report. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397925/pemex-may-sell-galicia-flotels Thu, 23 Apr 2015 21:06:02 +0000 live USGS to model quake hazards in eight states http://www.upstreamonline.com/live/1397923/usgs-to-model-quake-hazards-in-eight-states The US Geological Survey (USGS) is taking a hard look at 17 areas across eight US states to determine the hazard posed by increasing numbers of man-made earthquakes that have come correlated with a boom in oil and gas activity. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397923/usgs-to-model-quake-hazards-in-eight-states Thu, 23 Apr 2015 20:56:58 +0000 live OneSubsea wins BP Egypt deal http://www.upstreamonline.com/live/1397911/onesubsea-wins-bp-egypt-deal OneSubsea has won a contract from BP to supply the UK supermajor with subsea systems at a project off Egypt. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397911/onesubsea-wins-bp-egypt-deal Thu, 23 Apr 2015 15:32:52 +0000 live African exploration activity ‘undeterred’ http://www.upstreamonline.com/incoming/1397910/african-exploration-activity-undeterred Africa will continue to attract oil and gas exploration activity in 2015, led by emerging hotspots in Kenya, Tanzania and Uganda, an analyst report said. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397910/african-exploration-activity-undeterred Thu, 23 Apr 2015 15:16:25 +0000 ece_incoming Cairn India runs red http://www.upstreamonline.com/live/1397908/cairn-india-runs-red Indian player runs up net loss in final quarter on low oil prices and Sri Lanka impairment Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397908/cairn-india-runs-red Thu, 23 Apr 2015 15:10:11 +0000 live Gazprom, YPF ink pact http://www.upstreamonline.com/live/1397907/gazprom-ypf-ink-pact Russian gas giant Gazprom and Argentine state player YPF have signed an agreement that sets out plans to jointly explore for, produce and transport hydrocarbons in the shale gas-rich South American nation and elsewhere. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397907/gazprom-ypf-ink-pact Thu, 23 Apr 2015 14:57:46 +0000 live Rowan takes Aramco rate cuts http://www.upstreamonline.com/live/1397901/rowan-takes-aramco-rate-cuts Saudi Aramco has secured further rig rate reductions, with US owner Rowan seeing a plethora of units switched onto lower rates. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397901/rowan-takes-aramco-rate-cuts Thu, 23 Apr 2015 12:59:41 +0000 live Freeport-McMoRan mulls stake sale http://www.upstreamonline.com/live/1397900/freeport-mcmoran-mulls-stake-sale Freeport-McMoRan is considering the sale of public equity for a minority stake in its oil and gas subsidiary, FCX Oil & Gas. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397900/freeport-mcmoran-mulls-stake-sale Thu, 23 Apr 2015 12:19:29 +0000 live Patterson-UTI profit falls http://www.upstreamonline.com/incoming/1397899/patterson-uti-profit-falls US driller Patterson-UTI has reported a drop in quarterly net profit as weak oil prices weighed on drilling activity and costs increased. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397899/patterson-uti-profit-falls Thu, 23 Apr 2015 11:58:54 +0000 ece_incoming Impairments dash Cameron profit http://www.upstreamonline.com/live/1397898/impairments-dash-cameron-profit Impairments cut through reduced revenues to send net profit crashing in the first quarter at US contractor Cameron. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397898/impairments-dash-cameron-profit Thu, 23 Apr 2015 11:58:39 +0000 live Domino find ‘to trigger Black Sea exports’ http://www.upstreamonline.com/incoming/1397897/domino-find-to-trigger-black-sea-exports The Black Sea deep-water developments and the significant Domino discovery in Romanian waters look set to “dramatically influence” the gas supply dynamics of Eastern European countries, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397897/domino-find-to-trigger-black-sea-exports Thu, 23 Apr 2015 11:49:11 +0000 ece_incoming BP in $486m CATS stake sale http://www.upstreamonline.com/live/1397896/bp-in-usd-486m-cats-stake-sale Antin Infrastructure picks up UK supermajor's interest in key North Sea pipeline system Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397896/bp-in-usd-486m-cats-stake-sale Thu, 23 Apr 2015 11:07:26 +0000 live H&P revenue, profit down http://www.upstreamonline.com/live/1397893/handp-revenue-profit-down US land drilling specialist Helmerich & Payne (H&P) saw profit drop in the second quarter of its financial year but still expects to hit capital expenditure of $1.3 billion over the full 12-month period. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397893/handp-revenue-profit-down Thu, 23 Apr 2015 10:16:25 +0000 live Sverdrup 'rebuff' for Det Norske http://www.upstreamonline.com/live/1397891/sverdrup-rebuff-for-det-norske Norway’s Petroleum & Energy Ministry is reportedly demanding that partners in the giant Johan Sverdrup project agree on a unitisation pact before the field’s plan for development and operation (PDO) can be approved in a rebuff for partner Det Norske. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397891/sverdrup-rebuff-for-det-norske Thu, 23 Apr 2015 10:12:27 +0000 live Statoil spins Gina Krog bit http://www.upstreamonline.com/live/1397886/statoil-spins-gina-krog-bit Statoil has kicked off drilling of an exploration well targeting additional resources at its under-development Gina Krog field off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397886/statoil-spins-gina-krog-bit Thu, 23 Apr 2015 09:49:32 +0000 live Salander in E.ON sights http://www.upstreamonline.com/live/1397884/salander-in-eon-sights German explorer E.ON E&P has filed an application with the authorities to drill a wildcat later this year at the Salander prospect in the Norwegian Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397884/salander-in-eon-sights Thu, 23 Apr 2015 09:32:59 +0000 live CNOOC Ltd starts Kenli 10-1 flows http://www.upstreamonline.com/live/1397883/cnooc-ltd-starts-kenli-10-1-flows Chinese giant CNOOC Ltd has kicked off production at the Kenli 10-1 oilfield in Bohai, with peak output set for some time next year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397883/cnooc-ltd-starts-kenli-10-1-flows Thu, 23 Apr 2015 09:19:46 +0000 live Sterling contests Ntem ‘lapse’ http://www.upstreamonline.com/live/1397879/sterling-contests-ntem-lapse Sterling Energy and Cameroon’s state player SNH appear at loggerheads after the latter hit the UK junior with a notice that the Ntem offshore concession has lapsed. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397879/sterling-contests-ntem-lapse Thu, 23 Apr 2015 08:48:10 +0000 live Zoltav gets first revenues http://www.upstreamonline.com/incoming/1397880/zoltav-gets-first-revenues Russian explorer Zoltav Resources has generated its first revenues from 196 days of production since becoming an operational oil and gas company. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397880/zoltav-gets-first-revenues Thu, 23 Apr 2015 08:47:03 +0000 ece_incoming TGS holed on bottom line http://www.upstreamonline.com/live/1397877/tgs-holed-on-bottom-line Norwegian seismic contractor TGS saw its profit more than halved in the first quarter after revenue was cut by a drop in late sales on reduced data demand. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397877/tgs-holed-on-bottom-line Thu, 23 Apr 2015 07:28:28 +0000 live Technip sees profits rise http://www.upstreamonline.com/live/1397876/technip-sees-profits-rise French engineering company Technip saw profits rise in the first quarter of the year, driven by the strong performance of its subsea business. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397876/technip-sees-profits-rise Thu, 23 Apr 2015 06:33:29 +0000 live Oil steady despite inventory gain http://www.upstreamonline.com/live/1397872/oil-steady-despite-inventory-gain Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising US crude inventories due to still-robust shale production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397872/oil-steady-despite-inventory-gain Thu, 23 Apr 2015 05:05:01 +0000 live Coastal sells jack-up http://www.upstreamonline.com/live/1397871/coastal-sells-jack-up Malaysia's Coastal Contracts has sold a jack-up drilling rig to an unnamed buyer for 807 million ringgit ($223 million). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397871/coastal-sells-jack-up Thu, 23 Apr 2015 04:31:37 +0000 live North America ministers see strength in numbers http://www.upstreamonline.com/live/1397870/north-america-ministers-see-strength-in-numbers The US, Canada and Mexico see a wide range of areas for collaboration on energy, including infrastructure, hurricanes and environmental concerns like climate change, top cabinet officials for the respective countries said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397870/north-america-ministers-see-strength-in-numbers Thu, 23 Apr 2015 03:55:13 +0000 live Sino Gas raises $61.8m in share placement http://www.upstreamonline.com/live/1397868/sino-gas-raises-usd-618m-in-share-placement Australia-listed Sino Gas & Energy has raised A$80 million (US$61.8 million) through a share placement which it will use to help fund its operations in China. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397868/sino-gas-raises-usd-618m-in-share-placement Thu, 23 Apr 2015 02:36:37 +0000 live Petrobras posts $7.2bn loss http://www.upstreamonline.com/live/1397867/petrobras-posts-usd-72bn-loss Brazil's state-run oil company Petrobras lost 21.6 billion reais ($7.2 billion) in the fourth quarter of last year after taking a write-down of 50.8 billion reais because of corruption and other impairments. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397867/petrobras-posts-usd-72bn-loss Thu, 23 Apr 2015 01:06:38 +0000 live Oceaneering sees profits fall with demand http://www.upstreamonline.com/live/1397865/oceaneering-sees-profits-fall-with-demand Offshore service provider Oceaneering International saw profits fall in the first quarter of the year as revenues slipped amid lower demand. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397865/oceaneering-sees-profits-fall-with-demand Thu, 23 Apr 2015 00:29:06 +0000 live Japan's gas market primed for growth http://www.upstreamonline.com/live/1397864/japans-gas-market-primed-for-growth Changes in the Japanese energy market will give natural gas an opportunity to maintain and increase its share in the country’s energy mix, said Shigeru Muraki, director and vice chair of Tokyo Gas. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397864/japans-gas-market-primed-for-growth Thu, 23 Apr 2015 00:16:04 +0000 live Souki: Micro LNG a good option http://www.upstreamonline.com/live/1397863/souki-micro-lng-a-good-option Swings in supplies and prices could make small-scale liquefied natural gas projects attractive for future investments compared to some of the multi-billion-dollar projects currently under construction, the chief executive of Cheniere Energy said on Wednesday. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397863/souki-micro-lng-a-good-option Wed, 22 Apr 2015 23:43:16 +0000 live Fluor wins Suncor tank work http://www.upstreamonline.com/live/1397862/fluor-wins-suncor-tank-work Fluor was awarded the engineering, procurement, fabrication and construction of a tank farm for Suncor Energy and partners in the Athabasca oil sands region for an undisclosed amount. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397862/fluor-wins-suncor-tank-work Wed, 22 Apr 2015 23:26:26 +0000 live Oklahoma links earthquakes to wastewater http://www.upstreamonline.com/live/1397861/oklahoma-links-earthquakes-to-wastewater The Oklahoma Geologic Survey (OGS) has linked disposal of wastewater from oil and gas production to an explosion of earthquakes that have rocked the state almost daily for the past few years. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397861/oklahoma-links-earthquakes-to-wastewater Wed, 22 Apr 2015 23:08:45 +0000 live Changes in LNG supply 'require flexibility' http://www.upstreamonline.com/live/1397860/changes-in-lng-supply-require-flexibility Flexible and innovative trading structures are necessary as a response to changes in supply and demand patterns, an industry conference was told. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397860/changes-in-lng-supply-require-flexibility Wed, 22 Apr 2015 22:36:14 +0000 live Cheniere poised for financing push http://www.upstreamonline.com/live/1397859/cheniere-poised-for-financing-push Liquefied natural gas player Cheniere Energy is poised to kick off a round of financing to fund Train 5 of the Sabine Pass LNG plant with plans to start construction on the expansion in the middle of this year. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397859/cheniere-poised-for-financing-push Wed, 22 Apr 2015 21:39:34 +0000 live Eight convicted in Petrobras case http://www.upstreamonline.com/live/1397858/eight-convicted-in-petrobras-case A Brazilian judge on Wednesday convicted a former Petrobras executive of money laundering and racketeering for his role in the massive kickback scandal engulfing the state-run oil company, but he will only serve one year of house arrest. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397858/eight-convicted-in-petrobras-case Wed, 22 Apr 2015 21:07:28 +0000 live Noble reaches Colorado air pollution deal http://www.upstreamonline.com/live/1397856/noble-reaches-colorado-air-pollution-deal US independent Noble Energy has reached a settlement agreement with federal and state authorities in Colorado over air pollution in the state that could cost the Houston-based company as much as $73.5 million. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397856/noble-reaches-colorado-air-pollution-deal Wed, 22 Apr 2015 20:48:27 +0000 live LNG 'offers choice' to players http://www.upstreamonline.com/live/1397855/lng-offers-choice-to-players The global liquefied natural gas industry is undergoing major changes, but the evolving landscape also creates more choice and flexibility for buyers and producers, industry insiders said on Wednesday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397855/lng-offers-choice-to-players Wed, 22 Apr 2015 20:35:33 +0000 live Dudley: Cost cuts key for US onshore unit http://www.upstreamonline.com/live/1397854/dudley-cost-cuts-key-for-us-onshore-unit BP chief executive Bob Dudley said the reducing development costs will be the key to the success of the company’s Lower 48 onshore business, which was separated from the UK supermajor’s other operations last year.  Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397854/dudley-cost-cuts-key-for-us-onshore-unit Wed, 22 Apr 2015 20:15:34 +0000 live YPF continues partner hunt in Russia http://www.upstreamonline.com/live/1397849/ypf-continues-partner-hunt-in-russia YPF is continuing discussion with Russia’s Gazprom as the Argentine state-led company continues to pursue global partnerships to help finance the development of the promising Vaca Muerta shale. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397849/ypf-continues-partner-hunt-in-russia Wed, 22 Apr 2015 19:22:49 +0000 live Service cuts could threaten ramp up plans http://www.upstreamonline.com/live/1397719/service-cuts-could-threaten-ramp-up-plans Cuts in the US services sector could hurt the ability of drillers and pressure pumpers to meet operator demands when activity picks up in the future, said one major US fracturing player. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397719/service-cuts-could-threaten-ramp-up-plans Wed, 22 Apr 2015 15:43:38 +0000 live China 'needs to promote gas usage' http://www.upstreamonline.com/live/1397716/china-needs-to-promote-gas-usage China’s government should aggressively promote gas usage to make it commercially competitive against coal, or else the country could face a gas supply surplus by 2020, a Chinese industry official said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397716/china-needs-to-promote-gas-usage Wed, 22 Apr 2015 15:38:22 +0000 live Eni sees crucial role for African gas http://www.upstreamonline.com/live/1397714/eni-sees-crucial-role-for-african-gas Eni continues to see a vital role for African gas in the global supply chain, and is targeting a final investment decision (FID) later this year for its Coral floating liquefied natural gas project in Mozambique, according to its chief executive. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1397714/eni-sees-crucial-role-for-african-gas Wed, 22 Apr 2015 15:31:33 +0000 live ExxonMobil in $5m US spill fine http://www.upstreamonline.com/live/1397715/exxonmobil-in-usd-5m-us-spill-fine ExxonMobil has been fined more than $5 million over a 2013 pipeline rupture that led to a heavy crude oil spill in an Arkansas neighbourhood. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397715/exxonmobil-in-usd-5m-us-spill-fine Wed, 22 Apr 2015 15:06:33 +0000 live New Western nets Osage acres http://www.upstreamonline.com/incoming/1397713/new-western-nets-osage-acres New Western Energy has signed a letter of intent to acquire 100% interest the Osage County Oil & Gas project, in eastern Oklahoma, US. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397713/new-western-nets-osage-acres Wed, 22 Apr 2015 14:33:50 +0000 ece_incoming Opinion split on Arctic issues, survey shows http://www.upstreamonline.com/incoming/1397704/opinion-split-on-arctic-issues-survey-shows Citizens in Arctic nations split on issues such as security and dominion over Northwest Passage, survey shows (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397704/opinion-split-on-arctic-issues-survey-shows Wed, 22 Apr 2015 14:03:14 +0000 ece_incoming Harrier a dud for ConocoPhillips http://www.upstreamonline.com/live/1397697/harrier-a-dud-for-conocophillips ConocoPhillips has failed to find commercial hydrocarbons at a wildcat in the deep-water US Gulf of Mexico, but a probe off Angola has struck a gas column. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397697/harrier-a-dud-for-conocophillips Wed, 22 Apr 2015 13:03:54 +0000 live GeoPark ‘may up drilling’ http://www.upstreamonline.com/live/1397696/geopark-may-up-drilling Latin America-focused explorer GeoPark may ramp up drilling activity this year after managing to shave costs in the first quarter as a result of numerous measures amid the fall in oil prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397696/geopark-may-up-drilling Wed, 22 Apr 2015 12:57:23 +0000 live EU charges Gazprom http://www.upstreamonline.com/incoming/1397686/eu-charges-gazprom European Union (EU)antitrust regulators have charged Gazprom with abuse of power, after more than two years of investigation. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397686/eu-charges-gazprom Wed, 22 Apr 2015 11:03:02 +0000 ece_incoming Total ‘mulls Kharyaga sale’ http://www.upstreamonline.com/live/1397682/total-mulls-kharyaga-sale The French supermajor has held preliminary talks with state player and minority stakeholder Zarubezhneft about offloading its holding, Russian business newspaper Vedomosti reported. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397682/total-mulls-kharyaga-sale Wed, 22 Apr 2015 10:24:38 +0000 live Oil slump hits Indonesian scene http://www.upstreamonline.com/live/1397683/oil-slump-hits-indonesian-scene Oil price pressure has led to a slowdown in industry activity in Indonesia, with a number of projects being delayed, a leading industry official in the country said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1397683/oil-slump-hits-indonesian-scene Wed, 22 Apr 2015 10:23:44 +0000 live Cosco bags Modec floater award http://www.upstreamonline.com/live/1397684/cosco-bags-modec-floater-award Chinese shipbuilder Cosco has secured a $95 million contract with Japanese floater contractor Modec for conversion of a tanker to a floating production, storage and offloading vessel. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397684/cosco-bags-modec-floater-award Wed, 22 Apr 2015 10:17:46 +0000 live Aasta Hansteen pipeline construction begins http://www.upstreamonline.com/incoming/1397681/aasta-hansteen-pipeline-constructionbegins Construction has started at the Polarled pipeline, which will transport gas from the Aasta Hansen field in Norway once completed, according to Wintershall. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397681/aasta-hansteen-pipeline-constructionbegins Wed, 22 Apr 2015 10:11:43 +0000 ece_incoming ConocoPhillips 'eyes Norway sales' http://www.upstreamonline.com/live/1397671/conocophillips-eyes-norway-sales ConocoPhillips is reported to be looking to sell off some of its assets off Norway in a strategic move by the US supermajor to divest overseas operations and focus on domestic opportunities. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397671/conocophillips-eyes-norway-sales Wed, 22 Apr 2015 09:07:11 +0000 live CGG buys engineering consultancy http://www.upstreamonline.com/incoming/1397670/cgg-buys-engineering-consultancy French geophysical giant CGG has acquired Taurus Reservoir Solutions, a Canada-based engineering consultancy. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1397670/cgg-buys-engineering-consultancy Wed, 22 Apr 2015 08:02:33 +0000 ece_incoming Lundin to take $249m costs hit http://www.upstreamonline.com/live/1397669/lundin-to-take-usd-249m-costs-hit Sweden's Lundin Petroleum has warned investors it expects to book $249 million in pre-tax exploration costs and net foreign exchange losses for the first quarter of the year. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397669/lundin-to-take-usd-249m-costs-hit Wed, 22 Apr 2015 07:31:05 +0000 live Ivar Aasen appraisal success http://www.upstreamonline.com/live/1397665/ivar-aasen-appraisal-success Det Norske Oljeselskapet has notched up drilling success with a pair of appraisal wells aimed at delineating its under-development Ivar Aasen field off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1397665/ivar-aasen-appraisal-success Wed, 22 Apr 2015 06:56:55 +0000 live SembMarine wins $41.4m FSO conversion contract http://www.upstreamonline.com/live/1397664/sembmarine-wins-usd-414m-fso-conversion-contract Singapore's Sembcorp Marine (SembMarine) has been awarded a floating storage and offloading vessel conversion contract from Teekay Offshore. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397664/sembmarine-wins-usd-414m-fso-conversion-contract Wed, 22 Apr 2015 02:22:11 +0000 live FMC sees profits rise http://www.upstreamonline.com/live/1397662/fmc-sees-profits-rise Houston-based FMC Technologies posted a rise in profits during the first quarter, despite a 7% fall in revenues. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397662/fmc-sees-profits-rise Wed, 22 Apr 2015 01:49:15 +0000 live One-off gains boost Nabors profits http://www.upstreamonline.com/live/1397659/one-off-gains-boost-nabors-profits Onshore drilling contractor Nabors Industries saw profits rise on the back of a deal C&J Energy Services, helping offset a fall in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1397659/one-off-gains-boost-nabors-profits Wed, 22 Apr 2015 00:50:45 +0000 live 'Stalemate' in US onshore M&A activity http://www.upstreamonline.com/live/1397658/stalemate-in-us-onshore-manda-activity Potential buyers and sellers of US onshore assets are at a "stalemate", even as low oil prices open the door for a rash of mergers and acquisitions, a Statoil executive said on Tuesday. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397658/stalemate-in-us-onshore-manda-activity Tue, 21 Apr 2015 23:28:02 +0000 live Transocean taps NOV man for top spot http://www.upstreamonline.com/live/americas/1397655/transocean-taps-nov-man-for-top-spot Drilling giant Transocean has tapped NOV's chief financial officer as its next chief executive, the contractor said on Tuesday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/americas/1397655/transocean-taps-nov-man-for-top-spot Tue, 21 Apr 2015 23:02:41 +0000 live live_americas Saetre: Industry must change cost culture http://www.upstreamonline.com/live/1397653/saetre-industry-must-change-cost-culture Cost reduction should become the rule rather than the exception for the oil and gas industry, according to Statoil chief executive Eldar Saetre. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1397653/saetre-industry-must-change-cost-culture Tue, 21 Apr 2015 22:03:55 +0000 live Dudley: BP honoured Macondo commitments http://www.upstreamonline.com/live/1397651/dudley-bp-honoured-macondo-commitments BP chief executive Bob Dudley defended the UK supermajor’s response to the Macondo disaster in the US Gulf of Mexico and said the company had honoured its commitments to help rehabilitate the Gulf and become a safer company. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397651/dudley-bp-honoured-macondo-commitments Tue, 21 Apr 2015 20:33:32 +0000 live Service players baulk at cost-cuts trend http://www.upstreamonline.com/live/1397647/service-players-baulk-at-cost-cuts-trend Suppliers are pushing back as oil and gas operators continue to put pressure on service and supply companies to lower their costs in a continued low commodity price environment. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1397647/service-players-baulk-at-cost-cuts-trend Tue, 21 Apr 2015 18:38:47 +0000 live